Abu Dhabi Islamic Bank repaid its maturing five-year, $750 million sukuk this week from its own sources without refinancing it, the bank said on Saturday.
Abu Dhabi's largest sharia-compliant bank made a net profit of Dh503.2
Abu Dhabi Islamic Bank has no current plans to raise more capital after a rights issue last month, its chief executive said on Monday, adding that the lender would eschew expansion to focus on existing markets.
The largest Islamic
Abu Dhabi Islamic Bank (ADIB), a top-tier Islamic financial services institution has announced today (September 13) the appointment of Haytham El Maayergi as global head of its Transaction Banking Business.
El Maayergi joins from
The subscription period for Abu Dhabi Islamic Bank’s (Adib) rights issue, which aims to raise Dh504 million ($137 million), begins tomorrow (August 23) and will run until September 10.
During this period, holders of rights a
Abu Dhabi Islamic Bank (Adib) will hold an extraordinary general meeting (EGM) on June 21 to vote on a proposal to raise capital through a rights issue to support the bank’s continued growth.
It will also hold a vote on a pr
Abu Dhabi Islamic Bank (Adib) will focus on winning more business in the United Arab Emirates' expatriate community this year as growth in the national banking sector slows, the bank’s chief executive said.
Total UAE ban
Abu Dhabi Islamic Bank (Adib), a top tier Islamic financial institution, is offering a new 100 per cent capital-protected note that gives investors exposure to blue chip German companies that are experiencing potential export growth.
Abu Dhabi Islamic Bank said on Sunday it planned to boost its capital base to help support future growth, after setting aside less cash for bad loans helped it post a 19.3 per cent rise in fourth-quarter net profit.
Banks in the U
Abu Dhabi Islamic Bank (Adib), a top-tier Islamic financial services institution, has signed a partnership agreement with the UAE’s Ministry of Social Affairs to promote financial education.
Adib will support the "Tejur
UAE-based Abu Dhabi Islamic Bank (Adib) has finalised a Dh1-billion ($272 million) financing facility to Baniyas Investment & Development Company (BIDC) to refinance the latter's construction projects in the UAE capital.